Morpho launches Robinhood stock token lending market, supporting NVDA and SPY as collateral

The decentralized lending protocol Morpho has incorporated stock tokens issued by Robinhood into its stablecoin lending market, allowing users to collateralize these tokens to borrow stablecoins.

According to the disclosure, the first markets launched include NVDA and SPCX, both with a liquidation threshold of 62.5%; the liquidation threshold for SPY is 77%. The borrowing asset for the aforementioned markets is the stablecoin USDG.